November 7, 2001

Hewlett family disowns Compaq-HP merger deal

Author: JT Smith

Kelly McNeill writes "Questioning the wisdom of diving deeper into the PC industry during the current slump, the Hewlett family members and trust, who own about a 5 percent share of Hewlett-Packard stock, announced that they will vote against the company's proposed merger with leading PC maker Compaq. The Hewlett family said that HP would be further exposed to a weak PC market, and that the merger would "dilute the current stockholders' interest in Hewlett-Packard's profitable printer and imaging business.""

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